Coca Cola Femsa S.A.B. de C.V. $KOF Shares Sold by Chase Investment Counsel Corp

Chase Investment Counsel Corp reduced its holdings in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 87.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,148 shares of the company’s stock after selling 28,213 shares during the quarter. Chase Investment Counsel Corp’s holdings in Coca Cola Femsa were worth $344,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its stake in Coca Cola Femsa by 14.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,058 shares of the company’s stock worth $88,000 after purchasing an additional 135 shares during the last quarter. Citigroup Inc. raised its holdings in Coca Cola Femsa by 4.8% during the third quarter. Citigroup Inc. now owns 25,499 shares of the company’s stock worth $2,119,000 after purchasing an additional 1,166 shares in the last quarter. Convergence Financial LLC lifted its position in shares of Coca Cola Femsa by 43.0% during the 3rd quarter. Convergence Financial LLC now owns 3,163 shares of the company’s stock worth $263,000 after buying an additional 951 shares during the last quarter. CenterBook Partners LP lifted its position in shares of Coca Cola Femsa by 202.7% during the 3rd quarter. CenterBook Partners LP now owns 38,729 shares of the company’s stock worth $3,218,000 after buying an additional 25,936 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Coca Cola Femsa by 7.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock valued at $18,750,000 after buying an additional 14,687 shares in the last quarter.

Coca Cola Femsa Stock Down 6.9%

Shares of KOF stock opened at $105.27 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 0.90 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $102.28 and its two-hundred day moving average is $91.74. Coca Cola Femsa S.A.B. de C.V. has a twelve month low of $80.22 and a twelve month high of $116.36.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KOF. JPMorgan Chase & Co. lowered shares of Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th. Bradesco Corretora raised Coca Cola Femsa to an “outperform” rating and set a $124.00 target price for the company in a research report on Wednesday, February 11th. The Goldman Sachs Group raised their price target on Coca Cola Femsa from $97.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, UBS Group boosted their price objective on Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.20.

Coca Cola Femsa Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.